Gold News

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to €1,394/oz […]

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Citigroup Say Gold May Top Record At $2,000 Per Ounce

◆ Gold will “trade stronger for longer” and Citigroup see gold possibly topping new nominal highs at $2,000 an ounce in the next year or two ◆ Citi is bullish on gold due to the prospect of the Fed cutting interest rates to zero, heightened geopolitical tensions and rising risks of a global recession (see […]

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‘Protect Oneself’ From A ‘Paradigm Shift’ Akin to the 1930s With Gold Diversification – Ray Dalio

Diversify Well To Protect Oneself Against The Coming ‘Paradigm Shift’ by Ray Dalio, Bridgewater Associates The most important forces that now exist are: 1) The End of the Long-Term Debt Cycle (When Central Banks Are No Longer Effective)+ 2) The Large Wealth Gap and Political Polarity+ 3) A Rising World Power Challenging an Existing World […]

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Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now ◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central banks […]

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Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold

◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters” ◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker Tanaka […]

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Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

◆ Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction ◆ “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity” ◆ “Gold is not money due to any man-made laws. Gold is money despite man-made laws, […]

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Gold Gains 1.7% and Silver Surges 4.9% After Weak U.S. Data Compounds Global Recession Fears

* Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession * The escalation in the U.S.-China trade war and the political shambles in the UK and Brexit further bolstered gold bullion’s safe-haven appeal * U.S. manufacturing activity contracted for the first time in […]

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Gold At New Record Highs In Pounds and Euros – £1,280/oz and €1,400/oz – On Brexit and Economic Concerns

* Gold in sterling and euros have reached new record nominal highs of £1,279.46/oz and €1,401.60/oz respectively this morning (see charts below) * Gold priced in sterling and euros soared to record highs due to political turmoil in the UK, increasing concerns about a disorderly UK exit from the EU and the slowing UK and […]

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Silver Rally Is ‘Stealing the Show’ Even as Gold Surges to 6-Year High

News and Commentary Gold rises as U.S., China begin new round of tariffs Silver rally is stealing the show even as gold surges to 6-year high Return to capital controls sends Argentina assets tumbling Argentina central bank tightens FX market access as peso plunge burns through reserves China, U.S. kick off new round of tariffs […]

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Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week

News and Commentary Gold steadies near six-year high, silver jumps as growth risks persist Silver rally is stealing the show even as gold surges to 6-year high Around 1,000 fake-branded bars likely from China slip dirty gold into Asian gold markets Trump says US and China resume trade talks Thursday ‘at a different level’ China […]

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Gold Reaches New Record Highs In GBP at £1,272 and EUR at €1,399 as Johnson Suspends UK Parliament

* UK political chaos, Brexit concerns and flight to safety propel gold in sterling and euros to new record nominal highs * Gold priced in sterling and euros soared to record highs today at £1,272 and €1,399 per ounce, spurred by increasing fears of a disorderly British exit from the European Union as PM Johnson […]

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Silver Surges 3% To $18.30oz; Next Resistance At $20/oz and Then $50/oz

* Silver has breached the resistance level of $18 an ounce for the first time in two years after surging 3% yesterday * Spot silver extended gains for a third straight session, jumping 3% to $18.15 per ounce. It reached $18.34, its highest level since September 2017 and is up 11.5% in August, making it […]

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Gold Steadies After Surging To All Time Record High In Euros At €1,392.60/oz

* Gold in euros surged to a record high at €1,392.60/oz and the Australian dollar hit new record highs yesterday * Gold surged to a more than six-year high in dollars yesterday surpassing $1,550/oz in early trade prior to falling to $1,530/oz *Investors are seeking safety from a host of uncertainties including heightened U.S.-China and […]

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G7, Trump Tweets and Uncertainty Underline Importance of Owning “Physical Gold In A Vault” – GoldCore on Bloomberg

Mark O’Byrne, executive director at Goldcore Ltd., discusses his outlook for gold as gold reached record highs in euros (see chart) amid global uncertainty. He speaks on “Bloomberg Markets: European Open.” (Source:Bloomberg) – Given the serious developments at the G7, Trump’s tweet regarding Fed Chairman Powell being akin to an enemy and the escalating trade […]

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Interview with Mark O’Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; ‘Most Probably Correct’ So Cost Average

Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage “Don’t just count your pips, bullion coins and bars … count your blessings” Gold is 6% higher in August and may correct in the short term so cost average Deutsche Bank is a “basket case” and […]

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Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1 Official figures show gold now accounts for 19.6% of the total reserves of the […]

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Buy Physical Gold ‘At Any Level’ Says Mobius As It Will Go ‘Up, Up and Up’

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold Mobius recommended a 10% allocation to gold bullion and warned against gold ETFS which are “susceptible to government […]

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Gold and Silver Prices Move Above Key $1,500 and $17 Levels Again

News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […]

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Gold 1% Lower At $1,497 After Third Week Of Gains

Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […]

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Deutsche Falls To New Record Low Showing ‘Lehman Shock’ Contagion Risk

* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’ * GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’ * Gold prices are marginally […]

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